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Overview

With the introduction of a general Transfer Balance Cap and a member's Transfer Balance Account, reporting these to the ATO through Simple Fund 360 can be easily managed via the new TBAR Management screen. The TBAR Management screen is a global screen allowing you to include multiple events across multiple funds in a single lodgement file which is to be uploaded and lodged via the ATO Portal.

click the checkbox to the left of the events to include in the global TBAR file.

Select Prepare.

Simple Fund 360 will run a validation check prior to producing the global TBAR file.

The TBAR Electronic File will generate. Note: Select click here in the Validation Passed icon to download the file if it does not appear in your Downloads folder.

The Event Batch will be validated. Events will be moved to the Prepared tab.

For each Event Batch generation undertaken in the Outstanding tab, a separate Event Batch ID will appear for each validated group of transactions.

You can prepare an XLS or PDF report detailing the event transactions; re-prepare the TBAR lodgement file if required or move the Event Batch back to the Outstanding tab for each Event Batch. Note: The XLS or PDF files are not lodging files. The lodgement file is generated in step 6.

Proceed to the ATO Lodgement section of this help page for global TBAR file lodgement instructions.

Mark as Lodged

Post lodgement via the ATO Portal, select the check box to the left of the Event Batch ID under the Prepared tab and select Mark as Lodged. This will move the Event Batch to the Lodged column.

Note: Since the file lodgement is required to be completed via the ATO Portal this step cannot be updated automatically in Simple Fund 360.

Lodgement of the global TBAR File

You can lodge the TBAR File generated by Simple Fund 360 through both the:

Prepared

TBAR events that have been validated in the Outstanding tab will appear under the Prepared section.

TBAR events that have been Marked as Lodged previously, but then Marked as Cancelled under the Lodged Tab will appear under the Prepared section.

Tab Filters

Explanation

Generate the Excel Summary report of the lodgement file.

Generate a PDF Summary report of the lodgement file.

Select to reprepare the TBAR lodgement file.

Select to move the events back to the Outstanding tab.

Lodged

TBAR events Marked as Lodged will appear in this section.

Tab Filters

Explanation

Select Move to Prepared to allocate the events back to the Prepared tab.

If the lodgement date has been recorded incorrectly, select Move to Prepared to edit and change the lodgement date. Select Mark as Lodged to allocate the event back to the Lodged tab with the correct date.

Select Mark as Cancelled to update an event that was previously cancelled.

General Screen Filters

Filter

Explanation

Search

Use the fund filter to locate events specific to a fund.

Intermediary

Select a lodging party (tax agent) prior to validating TBAR events.

Due Date Filter

Use the due date filter to filter between Previous, Current or Next quarter due dates.

Financial Year

Filter funds based on their financial year.

Lodgement Status Report

This report will display the status of each events as prepared, lodged and cancelled.